Asio Capital LLC Buys Shares of 21,006 Capital One Financial Corporation $COF

Asio Capital LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the third quarter, HoldingsChannel.com reports. The fund purchased 21,006 shares of the financial services provider’s stock, valued at approximately $4,465,000.

A number of other institutional investors have also recently made changes to their positions in COF. Kingstone Capital Partners Texas LLC increased its position in Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after buying an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Capital One Financial by 74.8% during the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after acquiring an additional 24,129,990 shares during the last quarter. State Street Corp increased its holdings in shares of Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after acquiring an additional 10,776,843 shares in the last quarter. Norges Bank purchased a new position in shares of Capital One Financial in the 2nd quarter valued at approximately $1,701,511,000. Finally, Geode Capital Management LLC boosted its stake in Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Neal Blinde sold 43,200 shares of Capital One Financial stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the sale, the insider owned 73,020 shares of the company’s stock, valued at $16,198,026.60. The trade was a 37.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lia Dean sold 3,269 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $218.15, for a total transaction of $713,132.35. Following the sale, the insider directly owned 69,855 shares of the company’s stock, valued at $15,238,868.25. The trade was a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 280,218 shares of company stock valued at $62,395,804. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on COF shares. Evercore ISI upped their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Truist Financial boosted their price objective on shares of Capital One Financial from $270.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 19th. The Goldman Sachs Group raised their target price on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group lifted their price target on Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, Zacks Research downgraded Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $265.25.

Capital One Financial Stock Down 0.1%

COF stock opened at $247.42 on Friday. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $249.65. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The firm has a 50-day simple moving average of $223.90 and a 200-day simple moving average of $218.15. The stock has a market capitalization of $157.29 billion, a P/E ratio of 104.40, a P/E/G ratio of 0.57 and a beta of 1.16.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.46 billion for the quarter. Equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a $0.80 dividend. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. Capital One Financial’s dividend payout ratio is presently 135.02%.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.